Fushun Electric Porcelain Supplies Crucial Equipment for $1.7 Billion CPEC Power Project
A Chinese firm has delivered power equipment to Pakistan for its inaugural $1.7 billion transmission initiative within the China-Pakistan Economic Corridor (CPEC). The shipment, comprising 30 tons of Zinc Oxide Lightning Coolers at 660 kilovolts of direct current (DC), was dispatched by the Fushun Electric Porcelain Manufacturing Company from Shen Fu's new area.
Wang Youxue, a member of China's Liaoning province's Shen Fu New District Party Work Committee and deputy director of the Management Committee, revealed to China Daily News that the Fushun Electric Porcelain Manufacturing Company joined this project as a crucial Belt and Road Initiative collaboration.
This DC transmission project represents Pakistan's maiden foreign investment venture in power transmission and transformation, with a total investment of $1.658 billion. Its expected operational launch is slated for 2021.
Leveraging its extensive experience in ultra-high-voltage products, the Shen Fu New District's Fushun Electric Porcelain Manufacturing Company successfully secured the contract for alternating current and DC pillar insulators as well as metal zinc oxide surge arresters, with a combined contract value exceeding 57 million yuan. Shen Fu New District has been actively supporting the modernization efforts of traditional enterprises within its boundaries.
Youxue emphasized the Fushun Electric Porcelain Manufacturing Company's proactive participation in the Belt and Road Initiative, marking a significant stride in their contribution to the national grid project under the Belt and Road Initiative.
The Matiari-Lahore high-voltage direct current transmission line project has already secured financing and stands as Pakistan's inaugural private sector transmission project within CPEC. It aims to transmit over 4,000 megawatts of coal-based electricity from Sindh projects to Punjab's main grid.
In addition to this transmission endeavor, the Private Power Infrastructure Board is currently facilitating various power projects under CPEC, totaling a capacity of 10,934 megawatts. These encompass hydroelectric and coal-fired ventures.
CPEC originally envisaged a capital investment of $60 billion to bolster economic activities, with a predominant focus on enhancing Pakistan's energy sector through increased generation capacity and transmission capabilities. Moreover, apart from energy initiatives and infrastructure developments, nine special economic zones are under establishment within the CPEC portfolio. These zones are poised to stimulate industrialization by fostering foreign and Chinese businesses, enabling technology transfer and transformation.